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, the long-term deal that could take a big bite out of the deficit. >>> two big head lines, the casualties keep coming and the scope keeps widening. rebekah brooks arrested. the woman once headed up his british papers, she's out on bail. headline two, the head of scotland yard resigns. sir paul stevenson is quitting over criticism how he handled the saga. >> as commissioner i carry ultimate responsibility for the position we find ourselves in. with hindsight i wish we had sunlged matters involve this affair differently. i didn't and that's that. >>> brace for an explosive few days ahead. ra beck that brooks, rupert murdock and his son are scheduled to be questioned by british lawmakers tuesday. >>> 15 seconds of news from canada. classic rockers chief trick got a scare as their stage collapsed at the ottawa blues fest. the stage blew over in severe weather. that's where we snagged these pictures. check out the stage before. and after. it's barely recognizable. good news, no serious injuries. >>> you hear the words grope and airport and junk-touching security checkpoint horror stories pop t
, state police, patrols or staffing at nursing and veterans homes. it affects roads, it's a big hassle for campers, they've got to leave state parks on this fourth of july weekend. >>> and the nba's collective bargaining agreement ran out. making it the second major sports organization to lead a lockout. the league said lost $300 million last season. so owners want to reduce players' salaries. the sides are so far apart on this that industry insiders say the entire 2011-2012 season is in jeopardy. i'll have more with "sports illustrated" later on in the show. >>> prosecutors in the casey anthony trial can call rebuttal witnesses after the defense rested without put herring on the stand. cnn has obtained home video of anthony as a young girl in 1991. here she is as a friend's birthday party. >> happy birthday, my name is casey. >> what do you think, casey, i didn't get you. >> happy birthday. happy birthday, my name's casey. >> the woman who claims she had an affair with casey's father was on the stand yesterday. here's what she says, george anthony, the father told her about caylee ant
in it that's pretty -- it's sort of outlined but not detailed in legislation and has a big, big dollar figure around it. so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they hav
, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a favorite child in all of this, right? the democrats. that's his par
'm a big netflix user, by the way. i get the discs sent to my house. they're going global in a big way. they've come a long way from the days they mail out the dvds. >> even though they're not in hong kong. but they're making a big move to latin america. they will expand to 43 companies in south america. they made the first international move to canada. late last year you can see it clearly wants to be a global company, but it's going to be pricey. the company said it would lose up to $70 million in the second half of this year from overseas operation. but investors in the states are cheering the move. the news sent netflix shares soaring 8% on tuesday. ali? >> kristie, how do you do it? are you further ahead in congress how long? is there similar service? >> itunes. it's all about itunes. >> very good. stick around for this story. quite frankly, i don't want to be alone in this piece of knowledge. some farmers in the uk were looking for extra ways to save money. the answer was on the farm in big piles. they're turning livestock waste into energy. the pigs were wallowing in gold. the t
at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
and hang seng closed down. let's go to kristie lu stout. what's the big headline this morning, kristie it's all a ar w rows down. the yen soon as a safe haven continues to rise. meanwhile stocks in europe are also dae cleaning. europe is battling its own debt crisis. moody's has placed spain's government bonds on a downgrachltd government pressures and weak growth were behind that decision. ali, back to you in new york. >> kristie, we always worry when we get into a weekend and we have a deadline and we don't have a deal here that that's going to start touching asian markets more quickly than it's going to touch u.s. markets on monday. what's the reaction to the u.s. not having a deal so far? >> let's look a at the political reaction out of china, the largest foreign holder. chinese leaders, the they're not just worried. they're angry. stephen roach, of morgan stanley, he's been telling cnn that chinese leaders are appalled and that they think that america's behavior could create havoc in the global economy. meanwhile the news agency shing wa released a statement says, quote, the well bei
to the start of wall street, u.s. futures to a pretty healthy open. it's in the shadow of the big jobs number out tomorrow. >> indeed. we'll have to see what difference this makes. now, in the u.k., an enormous story, really, that is shaking the government in some ways. certainly putting the prime minister under pressure in parliament. police are theying there will be a full investigation into new hacking allegations, into "the news of the world." it's a sunday newspaper. advertisers are turning their backs on the u.k.'s most popular sunday read. the tabloid stands accused of hacking into the phones of a missing schoolgirl that was later found dead. as well as relatives of the 2005 london bombings six years ago. and the families of soldiers killed in iraq and afghanistan. revelations have made waves across the u.k. and even led to a debate in parliament. and definitely in that debate, i think it's fair to say that the prime minister at times looked very much to be on the back foot. >> he seemed to be. very close with the former editor of "the news of the world." shareholders also getting out
place over here in the uk. this is one division that has the big question mark over it, the publishing division, $997 million in 2010, 22% of operating income for the company. we have "the wall street journal" front cover, they purchased that for $5 billion. you have $200 million coming from the uk. not a game changer but whether this spills over into the other businesses that rupert murdoch owns. the next division, u.s. broadcast networks, they have about 37% penetration into u.s. house holds, this represents 9% of the bottom line, $409 million they have, tv stations scattered throughout the united states, again, does it spill over because of reputation? right now analysts we spoke to on wall street say not just yet, last division here, sky italia here, scott mockridge, it represents 4% of the operation, not a game changer but feeds in. bskyb would have brought in 15% of earnings per share in 2012 if the deal would have gone through, been held off for 12 to 18 months and it may not happen at all. you take a step back from all the numbers i hoad you, $636 million loss, about 14% of the
the band-aid. eat our peas. >> reporter: of course, taxes remains the big sticking point. the president, though, insisting that nothing would change before 2013 so it would not happen during a difficult economic environment, but house speaker john boehner saying that there's no reason to raise taxes in order to control spending. he believes the best way to get revenue is by improving the overall economy by creating jobs. he says he is willing to get a deal done with democrats and the white house, but, in his words, it takes two to tango and they are not there yet. >> dan lothian at the white house, thanks. >>> the debt crisis overseas sending a chill through wall street this morning. less than half hour before the opening bell, u.s. stocks may be headed for another rough day. ali velshi is joining us live from new york. ali, what does it mean? >> well, you know, first of all, futures seem to be leveling out a little bit, kyra. a couple of things going on here. one as dan was just saying, we just heard from the treasury secretary who is making a speech and he says he is expecting a deal
. >>> big news about the debt ceiling talks. we might see a big shift in the negotiations. the president is going to meet with top senate and house leaders and democratic officials tell us he's prepared to put medicare and social security changes on the table. that's a big about face and it drives home the urgency of the debt situation. >> my expectation is that over the next week to two weeks, that congress working with the white house comes up with a deal that solves our deficit, solves our debt problems, and makes sure that our credit is protected. >> obama is hoping that republicans will support some here's what republican senator rand paul of kentucky told cnn. >> some of the most conservative members of the senate and house will raise the debt ceiling con tint gent on three items. we want significant cuts, stater to caps like pay as you go, and then we want a balanced budget amendment. if we get these, we'll agree to raise the debt ceiling. >> democratic officials say the president wants up to $4 trillion in cuts over the next decade, but he does want some increases, some lax looph
days. 106 expected high temperature in the big "d." it will be 92 in kansas city and 80 in new york. that's cooler. 86 with storms in atlanta. some researchers out of the u.k. ali, want to share this story with you, you're a big movie buff and science guy at the same time, researchers out of the u.k. are calling for regulations to curb the integration of human genes basically with animal genes. they don't want to create a human animal, hybrid. who wants that? i can't help but think this has something to do with the release of the "planet of the apes" movie coming up in the beginning of august. called something like "rise of the apes." a popular show when i was a kid and i might see the movie in a couple weeks. >> do you know if we're anywhere down the road close to cloning human/animal cloning? >> we don't need a half man/half horse running around the office. we do use the genes for beneficial scientific uses to try to discover some cures of the diseases. >> it's always the fear someone will use it for the wrong thing. rob, good to see you. check in with you later on. rob marciano i
shutdown in minnesota. >> that's the part -- no beer. >> big problem. a lot of beer that won't be on the shelves. >>> the president's right-hand man on jobs. jeffrey immelt talks about how they plan to get america working again unchlgth fire under fire. >> gunfire all around us. we are rushing out of this area. with dha and essential nutrients also found in mother's milk. purina puppy chow. right now, go to priceline for a sneak peek at recent winning and better than ever! hotel bids to find where you n save up to 60% on hotels. * we'll even email you other people's winning bids, so you'll know what price to name. *á with new hotel bid alerts, from priceline. >>> welcome backing to "american morning." all enemies of india possible suspect this morning after three bomb blasts rocked the country's largest city during rush hour yesterday. 18 people were killed. that's down from 21. and now yesterday, 131 are wounded. officials say these attacks were coordinated by terrorists. but there have been no arrests. india is denying that they were -- missed any warning signs. >> the fac
'll keep a close eye on baby jamichael, a big kid. that's it for me on "wake-up call." "american morning" begins right now. >> good morning to you. i'm kiran chetry. a lot going on. let's get you caught up. the end of the line for the "news of the world." the british tabloid shutting down after sunday's edition after new reports that the paper reportedly tried to hack the phones of 9/11 victims. >>> a deal to raise america's debt ceiling still out of reach. talks continue today with the president warning we have ten days left to get an agreement or risk default on this "american morning." >>> and good monday morning to you. start of another week here on "american morning." it is july 11th. nice to see you back. >> great to see you. >> the shuttle went off on the first try. >> i couldn't believe it. we were all thinking the weather was horrible but it went off. can't get the three of us together a whole lot. christine is off. >> summer vacation. >> no deal on raising the debt ceiling. last night talks at the white house fizzled out. president obama making it clear with 23 days to go befor
and we did receive a report of one fatality. >> pamela, christine here, how big is the area the researchers are searching and what are they dealing with in terms of conditions and weather there? >> the coast guard hasn't left yet. we're waiting for the sun to come up before we conduct a search. when we do, we will conduct a thorough and exhaustive search of the area, we cover hundreds of square miles of water and we'll be doing that as soon as the sun comes up. >> do we know any -- any sense of this vessel, you told us 100 foot fishing vessel, is its weather that caused it to capsize? >> yes, ali. we received a report that they had hit some rough weather on sunday morning and the boat had capsized and sank almost immediately. the vessel was close enough to shore where some people were actually able it to swim to shore and they had to notify authorities when they got on land. >> petty office ser pamela bailen, we'll check in with you later. >>> former serb commander ratko mladic kicked out of court this morning. the judge removing mladic from the chambers after multiple disru
to be a catastrophe if they don't. big business is scared. if there's a default, they're going to lose a whole lot. >> reporter: americans don't like hearing about politicians losing their tempers during negotiations. >> i understand it's difficult. my job is very difficult. i don't have the option of walking out of a meeting. that would be considered completely inappropriate. >> reporter: many americans believe the debt ceiling needs to be raised but not everybody. >> if i have a credit card with a certain limit and i'm overspending, the answer is not to increase my spending limit. >> is this going to put a greater burden on us as the american people and i just don't think it will help the situation. >> reporter: but there are eternal optimists. >> no matter what they do, we'll survive. >> reporter: a hopeful note as we head into the home stretch on the debt crisis. fe lee shah taylor, cnn, new york. >> let's go over to south africa, where david cameron, the prime minister of united kingdom will be speaking a bit later on alongside the south african president jacob zu ba. that is the conference a
, again, big difficulties with the sydney s&p 200 by more than 1%. let's move over to europe. we're a touch into the hour on the trading day. a decent run-up on some of these markets in the course of last week, off by -- well, actually only a fraction of a percent now. it has been more than that, half a percent for the cac. in the united states markets clearly opened -- will be opening in less than five hours' time and we're looking to a lower start as well. off by 1%. certainly a little pessimism. maybe some optimism mixed in. we will, as hillary clinton says, see a deal in the course of day or the next day or two. >> yeah, it will be interesting to see how the european markets pan out as well and how it affects the u.s. futures. you know, this talk of possible default is actually sending some investors to safe havens like gold for example. hitting a record high of $1,617.30, now it's $1,617.30. the oil price pulling back just a tad over the back of what's going to happen to the u.s. economy and demand for crude. charles. >> hmm. now, if hillary clinton is right and a deal is ju
in iowa. she basically kicked off her bus tour in iowa today. so this is going to be a big deal for her and her supporters who are here. and later she's going to be going to an iowa cubs baseball game and talk to supporters and voters there as well. >> so she's on a bus tour, is it all iowa all the time this weekend? where is she going? apparently shannon can't hear me, we'll get back to shannon travis, he's reporteding for us live in iowa. >>> a political note for you, the presidential seal fell off the white house limousine this weekend while he was on his way to the airport. a philly police officer found the seal alongside route 76, he returned to the secret schlts. >>> closing arguments set to begin tomorrow in the murder case that has millions watching. what you can expect. the lawyers to say and what our legal expert thinks of the verdicts, we'll have that for you straight ahead. >>> also more on dominique strauss-kahn and the case against him that seems to be unraveling. is he a guilty man or is he a victim here? we're asking our expert. >>> and the royal wedding that took place
, it could be too big to fail. >>> nina, we're also seeing investors flee to the safe haven of the yen. it has broken that 80-yen mark but weakening just slightly from yesterday at 79.63. china announced a higher than expected gdp figure for june which eased worries about an abrupt slowdown in the economy. but the debt crisis in europe is still keeping many investors on the sidelines. ramy inocencio is here with a look at asia's closing numbers. >> the gains across the region were pretty good yesterday. the meek kay closed up .4%. credit suisse gave them on out performed rating over here in hong kong, the hang seng closed up a little over 1% here. that's off its worst two-day decline in 17 months. the catalyst here was that better-than-expected gdp number out of the chinese main land. on the mainland the gdp number was 9.5% for june. what was expected was 9.4%. with that the composite rose 1.5%. that was helped by good news from agricultural bank of china after saying its first half net profit would rise by nearly 50%. going down under, the asx rose nearly half a percent. that was prop
. one of the things that they're considering is blocking this big deal, takeover bid by rupert murdoch of british sky here. people don't want to see that deal go through, kyra. >> we'll continue to follow that story. i have a feeling a lot more is going to break, it's just starting to unfold. zain, thanks. >>> trying to broker a deal. in less than two hours from now, he will turn to the public with a news conference. dei dan lothian joins us from the white house. >> reporter: medicare and social security they don't want touched by this deal and on the other side, republicans are saying no tax hikes at all. you're seeing the president using his bully pulpit, if you will, for the second time now in as many weeks, the president holding a press conference, a chance to try to get both sides to sit down and hammer out an agreement and spell out what the consequences will be if that debt ceiling isn't raised by august 2nd. the president, aides tell me, will continue to push for what's being called that bigger deal, up to $4 trillion in spending cuts and also tax hikes. the reason for that is
of the new session, the big numbers, the nonfarm payrolls out friday. i think the data that more people watch around the world's financial markets than anything else. economists we have been speaking to forecast a gain of 125,000 jobs, plus 125,000 jobs in the month of june. however, that is not enough, because the consensus is that under the present circumstances the united states economy needs to create 150,000 to 200,000 jobs every months, and that's just to keep pace with population growth. so demographics, demographics, demographics. let's look at where the u.s. futures stand in the pre-market action. slightly mixed. broader market off a bit. but the good news is both the dow and the nasdaq are looking right now for gains of around about a tenth of 1%. andrew? >>> now, top u.s. politicians gathered at the white house trying to beat a looming deadline to raise the nation's borrowing limb. but it's hardly a meeting of minds. and nasa is fueling up "atlantis," hoping to launch the final shuttle flight in a few hours from now. but there's one thing that could still get in the way. welcome. i
that we have to have the big bang here in brussels. europe has to speak with one voice. they have to come up with a grand plan. even if it's not today. but they have to have steps today about, for instance, do they tax the banks here in europe to get more money to give to greece? do they allow this efsf, the current fund that's helping to bailout greece and ireland. do they allow that to be more flexible. it's complicated. but the point is, people want to see firepower. want to see that the politicians are thing as much as they can that make sure that the euro survives. and make sure there isn't an attack on the bond markets. so, we want to see a lot of words coming out of here. then, see some actions. it will be really interesting. it could be all day. we could be here late into the night to see if they can have common agreement on these two very important issues. >> jim, we should talk about the banking sector and how this affects some of europe's largest banks that are heavily exposed to sovereign debt. of all of the 17 nations that share the euro. there are proposals for them to be ta
currency including the euro, jach knees yen as well as the british euro. the big news out of australia today, well, basically the aussie dollar is near a 30-year high. since last year alone the aussie dlar has risen this much, 18.6% against the u.s. dollar. tony morris told cnn there will be winners and losers because of this. >> certainly going to make it more difficult for exports overseas, particularly manufacturing. will make it much harder for the retail sec tor to compete with cheaper goods from overseas. another direct impact, it makes it much more expensive for tourists to visit. those parts of our economy for the tourist sector, we're not going to benefit so greatly from that. the wig guest winners for this are the consumers. find it far cheaper to buy hopefully things on the shelves, for example. >> so the aussie dollar's record strength comes partly thanks to the debt ceiling deadlock in the u.s., but also linked with higher-than-expected inflation down under. australia's latest cpi reading came out today at .9%. many analysts were expecting .7%. because of this higher figur
about today. the jury in the casey anthony murder trial got a big job to do this holiday. deliberations are expected to begin in a few more hours. first, the prosecution has some rebutting to do. the defense claims the state did not prove that case say anthony killed her daughter caylee but they played with the jury's emotions. >> you see the strategy behind that is, is if you hate her, if you think she's a lying, no good slut, then you will start to look at this evidence in a different light. you will start to, oh, wait a minute, maybe i'm seeing something that's not there and start to actually discriminate against her rather than give her the standard that is afforded to each and every citizen in our country. >> the trial in orlando gets under way at 8:30 eastern. the judge warned the jury today will be a long way for them. >>> fox news politics on twitter, someone has clearly hacked the twitter handle. the site is putting up all kinds of insane, inappropriate and untrue tweets about president obama. basically april fool's type stuff that isn't funny. we reached out to fox and twitter
? >> they are being called to testify in parliament. the big story today is that the political parties are all going to get together, go to parliament and they're all agreed to support a motion that rupert murdoch, his bid to acquire bskyb, the cable operator here, should not go through. that is really rare, ali. it's not legally binding. who knows if he'll care or take notice. the other big story making news here is that the senate commerce committee chairman jay rockefeller is calling for an investigation saying, look, if "news of the world" was hacking u.s. citizens and 9/11 victims. he says this should be taken seriously and there should be an investigation. the big topic on that is how much is it going to affect rupert murdoch's empire in the u.s. as well? >> costing a lot of money in the stock. cost the stock about 14%, more than $7 billion since this really thickened about a week ago. let's talk about this former survivor producer facing expedition to mexico on a charge he murdered his wife. >> right. a judge basically said there was enough evidence to send him back to mexico to face trial, r
of some instruments that could -- showing, you know, trouble in the lending market. >> the big question is, will washington let that happen, and right now that answer is not any clearer than it was yesterday morning. we begin with breaking news, though. this titanic struggle that's continued to go on right now to end the debt crisis before next tuesday's deadline. here's a live look at the capitol where overnight, infighting among republicans forced house speaker john boehner to yank his debt bill. they thought there was going to be a vote last night. there is hope he will try to pass it again today. in four hours the speaker will again sit down with fellow republicans and again try to entice just a handful of hardline conservatives to fall in line. >> the bill's not perfect. i never said it was perfect. nobody in my caucus believes it's perfect. but what this bill reflects is a sincere, honest effort to end this crisis in a bipartisan way to send it to the senate where it can receive action. >> now the speaker's bill would cut $900 billion from the budget over ten years in exchange for a
. these are big proximate but we're a big country and we'll solve it. >> reporter: now, the main issue he's going to have to teal with is why he decided to hire andy colson who was later arrested as part of the investigation into the phone hacking. this is something that was brought up yesterday in the hearings and it turns out that his chief of staff actually warned the british police not to brief the prime minister on these phone hacking issues. lawmakers today are clearly going to try to get to the bottom of this as you can imagine from the opposition labor party. >> david cameron said he didn't know about this either. thanks so much. >> it's going to be hard to top the intensity of what happened yesterday. the theater of yesterday's phone hacking hearings. two hours after telling parliament it was the most hufble day of his life, rupert murdoch took a pie in the face. a 26-year-old man armed with a pie full of shaving cream nails rupert murdoch from behind saying you greedy billionaire and it didn't take long for murdoch's wife there, leapt to her husband's defense. she tried to clock the guy
of washington's impact. but mining stocks with big drags here. we have rio tinto. financials fell. >> you know, ramy, we've been so preoccupied by what's happened in washington that sometimes it's easy to lose sight of the fact we are in the midst of earnings seasons. we've had reports across the region. >> nintendo, they slashed their full year's forecast earnings by a whopping 82%. that's because gamers aren't so interested in their handheld 3-d game players which came out five months ago. that would be the 3-ds. that's the biggest fall in the past two decades. you're looking at a year to date. nintendo share prices dropped a whopping 47%. it's a similar story, not so bad for sony. they cut its profit estimate for the year by about 25%. this was yesterday. that's because of weak demand for tvs like this bravia over in the u.s. and europe. sony's share price year to date has also dropped by about 35%. but, you know, it's not all doom and gloom. they say its net income surged to about $1.31 billion. this is for the six months to may. forecasters had been -- forecast had been for earnings for a
and what doesn't get paid. another big story right now, a massive and dangerous heat wave is gripping much of the nation. here's how it looks and feels across the country. take a look at the red quarter. temperatures expected to reach 104 degrees in parts of texas today, in the southeast, temperatures are expected to reach the upper 90s and more than just uncomfortable, it's dangerous. heat has already claimed the life of at least one person in illinois and adding to that, the heat is causing drought conditions in the deep south to intensify. also this morning, hundreds of thousands still without power in the chicago area after strong thunderstorms rolled through. officials warn the power there might not be back on until saturday. let's go live to rob marciano outdoors this morning, silly rob, in atlanta's piedmont park. sun still not up, so it's still probably manageable there. but a lot of the south waking up this morning to 80 degrees overnight or higher. >> yeah. that's the thing. really hasn't cooled down much overnight, ali. even if you're out before the sun comes up you're still fee
of those calls are from democrats. murdock is a big backer of republicans. if more momentum builds for probes, there are cautionary tales for lawmakers, reports that the tabloids sometimes turn the tables on those who investigate them. most of those accounts date back to well before this scandal ploou up in the media in recent weeks. martin moore of the media standards trust tells us when british parliamentary looked in the tabloid press a couple years ago, he heard of allegations that they were discouraged from repeatededly inviting rebecca brooks to testify. >> the allegation was they were told, members of that committee were told, do not invite her again. do not press this one, do not push it, because if you do, you'll regret it. that was made very clear. >> reporter: a news corporation spokesman would not comment on that allegation. are you concerned that they might hit back at you and dig into your personal life or whatever? >> i'm not worried about my personal life nor am i worried about my next term. i've been here 27 years. when you grow up in a poverty stricken area and po
reporter dovetails neatly with our big question tonight. keeping them honest, if a strong majority of americans is telling washington they want a deal on the debt crisis, they want these guys to compromise with the other side, they want a mix of spending cuts and tax increases. then why isn't washington getting the mage? we've got new polling that says all of that. and this is important. recent polling may also explain why we haven't got an deal yet. we'll tell you what we're talking about. in any case, americans are speaking out today. >> good morning, speaker boehner's office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er's office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple
no sizable progress to report on moving forward on a big deficit reduction plan that includes massive spending cuts, tax reform and entitlement reform, tax increases. so you can see here the clock is ticking and the end game here still very unclear. >> this thing just keeps on developing and you hear hopefulness and then schedules. you will keep us posted when you hear there's actually some kind of timeline we have to figure out whether we are going to have money to pay our bills on august 3rd or not. >> after two days of explosive hearings in the uk phone hacking scandal, relatives of 9/11 victims in the u.s. are now saying they will be meeting with attorney general eric holder soon. they asked for the meeting one-on-one since the fbi started investigating allegations that "news of the world" hacked the phones of survivors, victims and their families. the meeting has yet yet been set. >>> rupert murdoch is back in the united states. he and his wife returned to their new york home yesterday. there is a lot on rupert murdoch's plate. news corp. is facing an fbi investigation and at lea
. republican congresswoman michele bachmann is in iowa, home to the iowa caucuses. the first big election event in 2012. cnn's shannon travis is the only reporter to speak with bachmann today, and he asked her why iowa is so important. >> iowa's the first in the nation. it's very important to be here and have a presence here because the values and the opinions that people have in iowa count. they count for the nation. so it's important that we come here. had is the bread basket of the world for a reason. this is where the food is grown, we have the best farmers in the world here in iowa. so it's important to come and listen to what people have to say in iowa and take that message back to washington, d.c. >> michele bachmann has been on a roll recently joining mitt romney in a recent iowa poll. she officially kicked off her campaign in iowa last month. >>> 4th of july celebrations in minnesota have been scaled down for this weekend. state parks, the state zoo, even race tracks are all closed right now. a budget stalemate has shut down almost all of minnesota's state business. closed signs went u
ceiling. even one of the world's largest bond investigators, mohamed arien, he's been a big proponent of debt reduction plans. he says when it comes to kicking the can down the road, kick the down the road a little bit. this is serious. >> harvard professor ken rogoff is a former chief economist for the international monetary fund. ken, listen to this with me. republican senator kay bailey hutchison said we're about to find out how serious the obama administration is about reducing spending. listen to what she said. >> you do the things that are essential. this is where the administration is going to be tested. if they won't make an agreement that will have spending reforms, if they start doing the chicken little thing by not paying social security recipients or people in our military or interest on our debt and instead choose to cut the things that will hurt the most but not the things that they could cut responsibly, that's going to be the test that they're not serious. >> ken, she's talking about a test. is this a logical test? if you strongly believe that spending needs to be cut
of times on the saturday and sunday morning sessions when there is something big going on. you want the principals to get in the room and figure out how they will work this out. you want reid or his representative or mcconnell or his representatives. somebody from the white house to get into a room and talk this thing over and figure out what they will do in the next 48 hours going forward. that is the most important thing. our people will comb the capitol to figure out what the meetings are going on. >> good luck with that. we know about the two proposals by reid and boehner. folks on capitol hill said they are not too far apart. >> no. they are not too far apart. there is tricky stuff in there. one of the things that makes reid different from boehner is reid's plan considers cost savings as the winding down of the iraq and afghanistan wars. that is $1 trillion of difference. the boehner plan doesn't consider the winding down of the afghanistan and iraq wars. another thing that is in there that is very different from the democrat and republican ideas is boehner has this balanced bu
you that you could save hundreds! yeah, that'll certainly stick with me. we'll take it. go, big money! i mean, go. it's your break, honey. same coverage, more savings. now, that's progressive. call or click today. >>> to norway now. today we learned that the lone suspect in that horrible bombing and shooting attack that killed 93 people has confessed to both. he is expected to make his first court appearance in oslo tomorrow. cnn's michael holmes will be there when he does. michael, today you met a norwegian man who has an unforgettable story about what happened on friday. >> reporter: yeah. casper largo is his name. he was one of several good americans who when the shooting erupted over on this island, they heard about it, they got on their boats, they went to the island and did remarkable things. getting dozens of those kids off the island as the shooting continued. i want you to listen to part of a conversation i had with him earlier today. >> i asked the guard to go off in the water and hold the boat. asking them to name themselves. >> you thought there was a kind of rapport? >> y
get to be big, big problems. >> so those are some of the warnings signs, or are there warning signs that you are taking in -- that you are just too hot? >> i did get all the way to eventually the first stages of heat stroke one time in my life in nebraska when i was working outside. the first thing you need to do, obviously, drink all the water you can. if you feel crap thats in your legs or stomach, that means you are not getting that water, and you will feel not first but cramps. that's the first step. and then after that, if you feel like you can't just stand up anymore -- when i got to the point, i could not drive my car home. somebody had to drive me home because i could not function. my brain would not function at all. at 104 degrees you're in a heat stroke, and you need medical attention because you are vomiting. if you start to vomit, you need to get out of the heat and get your body temperature taken down. if you are not sweating anymore, you need to go to the hospital. >> what about the fact that it got so hot so fast? has that made a difference in a case like this? >> no
played out today? >> in a word, no. this is one of the most extraordinary days in the history of big time criminal justice in the united states. the head spinning pace of events and the rapid turn around in the fortunes of the sides in this case. is like nothing i've ever seen before. and it looks like this case is going to end with a dismissal of the case at this point. it's hard to imagine how there could be a trial at this point when the prosecution has essentially described its main witness as a something close to a compulsive liar. >> i want to hear now from the alleged victim's lawyer, jeffrey. claiming prosecutors have turned on his client. let's listen to this then i want to ask you about it. >> now, it is a fact that the victim here made some mistakes. but that doesn't mean she's not a rape victim. and so all of this stuff that they leaked to the "new york times" was designed to discredit this woman. and i spoke to her a little while ago. and through her tear, through her hurt, she asked me, why did they do this to ni me? and i said, i don't know why. and now, she is determined.
start that race together and give you a big hug at the finish line. >> sounds good. can't wait to see you. >> if you want to follow along with me or any members of the six-pack, logon to cnn.com/sanjay. thanks for being with us this morning. time now to get you back into the cnn newsroom for a check of of our top stories in the news right now. >>> good morning. same-sex couples are lining up in new york city right now. this is the day they have been waiting for for years. this is the day they can legally get married. the ceremonies start in a half hour in the city clerk offices around the city and our councilmember rauz are there. >>> also, an autopsy is planned soon for singer, amy winehouse. a tragic story. the grammy-winning talent found dead. >>> also, another new deadline set for the debt talks. house speaker, john boehner, says it's time to get this done, in a manner of hours before the asian markets open. >>> hello to you all. i am t. j. holmes. today is the day where many can wave the 24-hour standard waiting period so they can get married right away. many are starting
♪ charlene. she married prince albert friday, but the big share money is today. >>> the protests this week could not stop georgia's anti-immigration law. it may already be working. some say that is a huge problem for the state's largest industry. >>> how would you like to tell your boss, hey, i'm too tired to work today. that is a legitimate excuse to get out of work for the day. that is part of new rules to keep air traffic controllers awake. i'm t.j. holmes. thank you for being here. new video of dominique strauss-kahn. look at him here smiling as he heads out for a night on the town with his wife. this was happening just hours after a judge released him from house arrest. the former head of the international monetary fund is accused of sexually assaulting a hotel maid. there were problems with his accuser's testimony. we have susan candioti with more. >> reporter: prosecutors laid it out for the court and defense. they turned up troubling lies by the maid. among them, her stories changes after strauss-kahn allegedly assaulted her in his hotel suite. she first waited in the hal
there's been a 67% spike in companies embracing the cloud-- big clouds, small ones, public, private, even hybrid. your data and apps must move easily and securely to reach many clouds, not just one. that's why the network that connects, protects, and lets your data move fearlessly through the clouds means more than ever. >>> minding your business this morning. investors on edge about financial instability in europe. stock futures trading lower after moody's downgraded portugal's credit rating to junk and markets closed almost flat yesterday. >>> president obama inviting democratic and republican leaders to a meeting at the white house thursday. thursday. to discuss raising the debt ceiling. if lawmakers can't come to an agreement by august 2nd the treasury department says it will not be able to pay all of its bills on time. >>> a facebook about to unveil what it calls something awesome. so far the social network won't say exactly what it has in store for today's announcement but the buzz is it's some sort of partnership with skype. >>> twitter shopping for another round of private f
session and those three-month lows for the euro so pretty bleak picture. >>> at the united states a big sell-off on wall street. major averages tumbled, major worries. financial and technology shares were among the biggest losers on monday, bank of america, citigroup, jpmorgan chase and wells fargo all closed roughly 3.5 to 5.5% lower, so really this is touching off fears of a broader financial crisis and don't let's forget the whole situation of the biggest slowdown in the world economy since the 1930s started with the financial crisis and now the worry is with he might go there again. at the close of the play there were triple digit losses for the dow, nasdaq, each closed roughly 2%. painful, pauline. >> let's look at the stock market futures and trading session in the u.s., it's right across the board as well, here's where the u.s. futures stand in premarket action the dow poised to open down by almost 1%, about the same amount for the nasdaq. the nasdaq ended monday's session down 2%, so that's not good news there. also the s&p 500 poised to start the session on tuesday down by 1.25
of the big monthly jobs report. there wasn't an awful lot of movement, as you can see, at the end of the session. the s&p and also the dow were each off by just a fraction, and the nasdaq meanwhile managing to choke up just a small gain. pretty modest, though. about one-third of a percent. this is how the future markets are trading. it seems that we're in for a flat start at the moment. a number of indices down if we look at the futures. but only by a bit. about .07%. >>> britain's most popular newspaper is under hot water. they are facing allegations of phone hacking. today british lawmakers will debate calls for an urgent public inquiry into the affair. this all comes after new claims suggest that after the london underground and bus bombings of 2005, this paper may have tried to hack the victims' phones and the phones of their relatives as well. >>> the new phone hacking claims that have caused so much anger across the united kingdom also centered around a 13-year-old who disappeared on her way home from school back in 2002. her decomposing body was discovered six months later.
than brussel sprouts or peas or a debt clock in new york needs two lines to show you how big our debt is. more on that through the course of the show. >>> julian assange, mr. wikileaks, the most famous whistle-blower on the planet, his court appeal begins in london. this has to do with sex accusations in sweden. assange denies them. he's tried to avoid extradition, that's what this appeal is all about. his lawyers are afraid if he gets extradited to sweden will extradite him to the united states on these leaking charges. >>> take a look at the surveillance video with me from bourbon street in the french quarter in new orleans. a guy in a black shirt and ball cap shooting right there on the street. you can see people scrambling out of the way. two bystanders got hit and survived. police hope the video leads them to the gunman. another shooting 24 hours earlier a police officer was shot and killed. sorry a police officer shot and killed an armed man who had been scuffling with bouncers at a club. >>> it looks like a new weapons reporting plan is going to happen, it would require gun dea
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mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
news for the administration. here is the big question, where are the jobs? you see jobs started to go up in a better rate, but the last two months, very bleak. consider this, even if the economy added 125,000 jobs a month, 125,000 jobs a month, between now and the election next year, that would keep the unemployment rate flat lined, right around 9.2%. the president, if he wants the rate to go down needs dramatic improvement in the jobs climate and need it is quickly. one more here, pretty sobering if you look at it the government 14.1le million unemployed, half of them long term. add in those underemployed, people who can only find a part-time job, about 22.7 million people hurt and hurt badly by this economy. let's dig deeper, chief white house correspondent jessica yellin and in new york where traders on wall street literally gasped when the report was released. jess, to you first, hard enough for the president, facing re-election, the unemployment rate is stubborn in the middle of this, trying to get a deficit reduction deal. you have reaction to the jobs report, release this, this
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